Obama signs order for 'sequester' budget cuts

WASHINGTON, March 1 Fri Mar 1, 2013 8:42pm EST

WASHINGTON, March 1 (Reuters) - President Barack Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the "sequester" after he and congressional leaders failed to find an alternative budget plan.

The White House released a copy of Obama's directive entitled "Sequestration Order for Fiscal Year 2013." Government agencies will now begin to hack a total of $85 billion from their budgets between Saturday and Oct. 1.

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Comments (1)
Clyde_Brenson wrote:
A 2011 Government Accountability Office report gave a sampling of the vastness of what could be cut, consolidated and rationalized in Washington: 44 overlapping job training programs, 18 for nutrition assistance, 82 (!) on teacher quality, 56 dealing with financial literacy, more than 20 for homelessness, etc. Total annual cost: $100 billion-$200 billion, about two to five times the entire domestic sequester.

Bring on the Sequester, PLEASE!

Mar 01, 2013 10:53pm EST  --  Report as abuse
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